Biscuit prices soar over 50 percent in the last one year

Thiruvananthapuram: Who wouldn’t like to dunk a biscuit into a hot cup of tea early in the morning?

But households are increasingly finding it difficult to afford the cookies savoured by kids and elders alike.

The makers of various brands of biscuits have hiked the prices by more than 50 percent in the last one year alone.

Not only that, some of them further shed the weight of the “small packs” by reducing quantity.

The government is turning a blind eye towards such ploys of manufacturers at a time when the masses are hit by peaking inflation.

Many among us overlook the soaring costs of confectionery products.

If the prices of vegetables and groceries rise this season, they fall in the next.

But it’s not the case with biscuits and other similar products which only turn dearer and dearer.

The Government has hiked the Dearness Allowance of central government employees by eight percent in the last one year.

The same is provided, aimed at hedging the impact of inflation.

But while the Government calculates the inflation hike figure at 8 percent, the makers of biscuits, baby foods, and similar products have increased the prices by 20 percent.

For all the latest business News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.